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The Justice Department to appeal its loss in the AT&T-Time Warner trial

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The Justice Department to appeal its loss in the AT&T-Time Warner trial


In this Wednesday, June 13, 2018, file photo, the logos for Time Warner and AT&T appear above alternate trading posts on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)

The Justice Department filed an appeal challenging its loss in the AT&T-Time Warner antitrust trial on Thursday, according to a court filing. AT&T completed its $85 billion acquisition of Time Warner a few weeks ago after a federal judge rejected the Justice Department’s argument that the deal would be anti-competitive.

The case has been closely watched as an indicator of how courts would treat mergers of companies in different industries. AT&T is one of the country’s biggest telecom providers and its purchase of Time Warner allowed it to pick up some of the biggest media brands in the U.S., including HBO and CNN.

AT&T didn’t immediately respond to a request for comment.

Source: WashingtonPost

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